Short-Term Funds for Online Stock Market Traders
May 17, 2010 by BizMind
Filed under Stock Market Report
Short-Term Funds for Online Stock Market Traders -- Online stockmarket traders can get margin financing or funds lent to stock market investors looking for best stocks to invest in using their stocks and cash as collateral at CitisecOnline. CitisecOnline is the premiere and largest capitalized online stock brokerage firm in the Philippines with over Php450 million in paid-up capital.
Online active customers can sign up for their COL X2 margin account since it gives them instant access to additional funds. This provides CitisecOnline customers the flexibility to react immediately if and when the opportunity strikes. Customers who will utilize their margin accounts could not only take advantage of short-term trading opportunities in the market but could also find it a convenient way of accessing short-term funding requirements.
According to Dino Bate, CitisecOnline president and CEO, COL X2 margin account is an effective and easy way to immediately access cash. The stand-by line allows its customers to multiply their purchasing power in the stock market and potentially augment their profits.
COL’s margin account or the COL X2 is a standby credit line given to COL customers with total equity of Php200,000 and above. Unlike traditional credit facilities available in the market, COL X2 only charges interest based on the amount utilized and only on the number of days it was utilized. The interest rate of 1.5% per month is therefore, computed on a daily basis, making COL’s margin facility very advantageous to for short-term buying opportunities or immediate funding requirements.
